Individual Entities

What is an individual entity?

An individual entity represents a person's personal finances. Most users start with an individual entity for themselves, tracking personal bank accounts, investments, loans, and everyday transactions.

Setting up an individual entity

1. Go to Settings > Entities or click Add Entity on your dashboard
2. Select Individual as the entity type
3. Enter the person's name
4. Click Create

What you can track

With an individual entity, you can:

• Assets — bank accounts, savings, property, vehicles, personal investments
• Liabilities — mortgages, personal loans, credit cards, HECS/HELP debt
• Transactions — import and categorise bank transactions
• Budgets — set monthly spending limits by category
• Goals — track progress toward savings targets
• Tax — view estimated tax position, track deductions

Tips

• If you manage finances for a partner or family member, create a separate individual entity for each person
• Use the entity switcher to move between entities quickly
• Each individual entity has its own independent tax calculations based on Australian individual tax rates